It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.
Jayesh Prajapati, LIC Insurance Agent
M.No. 9998272519
Web : www.licadvisor.in
25. Govt of India guarantees for
fixed pension for Life Time
If a person aged 30yrs takes
Jeevan Akshay, the guarantee
covers till his life (70yrs+)
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28. Annuity Payment will start after
1 month for Monthly,
Qly after 3 months,
Hly after 6 months and
Yearly after 1 year
from the
Date of Commencement
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61. For Jeevan Akshay Premium
The PROPOSER is Eligible to
Claim Income Tax Rebate under
section 80c up to Rs.1,50,000 p.a
80C
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62. Tax on Jeevan Akshay
Pension
is to be
Paid by
The Annuitant
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63. The Purchase Price
Returned to the Nominee on
Death of the Annuitant
is Exempted u/s 10(10)d
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83. Jeevan Akshay Requirements:
1. Jeevan Akshay Proposal Form No. 440JA
2. Age Proof: School Certificate, Passport etc
3. Identity Proof: Passport, Driving License etc
4. Residence Proof: Passport, Ration Card, EB Bill etc
5. PAN Card of the Proposer & Annuitant
6. Income Proof of the Proposer: ITR’s, Form16, etc
7. Bank Details with Cancelled Cheque Leaf
8. Premium Amount in Cheque Or D.D
9. Recent Passport Colour Photo
10. All the above for Annuitant,
If he is different from the ProposerWebsite : www.licadvisor.in